Ray Dalio on Gold, the founder of Bridgewater Associates, is one of the most influential investors in the world.
Some say cash is king. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, it may not be wise to keep too much of your investment money in cash these days.
“Cash is not a safe investment, is not a safe place because it will be taxed by inflation,”
Gold is often considered the go-to safe haven asset.
It can’t be printed out of thin air like fiat money, and its value is largely unaffected by economic events around the world.
The yellow metal has helped investors preserve wealth for centuries. Some believe this could be another one of its shiny moments.
You can buy gold coins and bars at your local bullion shop. You can also look at large gold mining companies. If gold prices go up, these miners will earn higher revenue and profits, which tend to translate into higher share prices.
Ray Dalio has been a long-term gold bull, with his Bridgewater hedge fund having poured more than $400 million into gold in the second quarter of last year.
Ray Dalio, founder of Bridgewater Associates, gives each of his grandchildren a gold coin for every holiday and birthday. The yellow metal is the best way to get young people excited about saving.
Hedge fund manager Ray Dalio said that investors should benefit from gold ownership as a hedge against the adverse effects of money printing by central banks.
"I think gold should be a portion of every one's portfolio to some degree because it diversifies the portfolio”.
Ray Dalio, however, said gold is not the best investment over the long run because he believes that the metal is an alternative form of cash.
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